Exhibit 12.1
DAVE & BUSTER’S, INC.
COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands, except ratios)
Fiscal Year Ended January 31, 2010 | Fiscal Year Ended February 1, 2009 | Fiscal Year Ended February 3, 2008 | |||||||||
Income before provision for income taxes | $ | (251 | ) | $ | 1,570 | $ | (10,102 | ) | |||
Add: Total fixed charges (per below) | 37,645 | 40,888 | 44,932 | ||||||||
Less: Capitalized interest | 640 | 522 | 151 | ||||||||
Total income before provision for income taxes, plus fixed charges, less capitalized interest | 36,754 | 41,936 | 34,679 | ||||||||
Fixed charges: | |||||||||||
Interest expense(1) | 22,438 | 26,787 | 31,681 | ||||||||
Capitalized interest | 640 | 522 | 151 | ||||||||
Estimate of interest included in rental expense(2) | 14,567 | 13,579 | 13,100 | ||||||||
Total fixed charges | $ | 37,645 | $ | 40,888 | $ | 44,932 | |||||
Ratio of earnings to fixed charges(3) | 0.98x | 1.03x | 0.77x |
(1) | Interest expense includes interest in association with debt and amortization of debt issuance costs. |
(2) | Fixed charges include our estimate of interest included in rental payments (one-third of rent expense under operating leases). |
(3) | Earnings for the fiscal year ended January 31, 2010 and February 3, 2008 were insufficient to cover the fixed charges by $891 and $10,253, respectively. |